The Tax Cuts and Jobs Act of 2017 changed the depreciation rules for qualified real property. Contractors need to be aware of these changes, as well as how certain assets need to be depreciated or expensed under TCJA.
Everything Contractors Need to Know About the Tax Cuts and Jobs Act
Although the total impact of the Tax Cuts and Jobs Act (TCJA) will only be determined with time, certain changes that begin with the 2018 tax year will have an immediate impact on contractors.
Will Opportunity Zones Accelerate Gentrification or Spur Critical Investment in Distressed Areas?
State and local officials will need to play a critical role in layering incentives to direct opportunity zone investment in projects with the greatest long-term benefits to local communities.
Construction Industry Continues to See Benefits of Tax Reform
While divided government and an impending presidential election year typically heighten the battle over ideas and new legislative proposals, it is critical for the construction industry to continue pushing for fairer and simpler tax policies.
How the Tax Cuts and Jobs Act Will Impact Construction Contractors
The new tax law has a special calculation based on 20 percent of business income, with some limitations. Now is the time to structure out the limitations.
Opportunity Zone Fund’s and New Markets Tax Credit’s Impact on Construction Contractors
Both programs provide incentives for investors to deploy capital in low-income communities by providing federal income tax benefits that can help lower the cost of capital for for-profit businesses, non-profit organizations and developers in need of funding for projects.
How Contractors Can Take Advantage of the Research and Experimentation Tax Credit
The R&E tax credit is a federal tax credit for the development or improvement of products, processes, formulas, techniques, inventions and software. Changes to the tax code opened this credit up to a wide variety of industries, including construction.
How Contractors Can Start Taking Advantage of Tax Reform
As the corporate tax deadline for returns on extensions comes and goes, some contractors can start to take advantage of recent changes to the tax codes.







